Commodities share price target

Coking Coal: Coking coal prices increased by 9.2% WoW to $213/tonne, driven by supply side disruption in China, as safety-related production restrictions in Shanxi led to inventory depletion, while seaborne...

Zinc: Zinc prices decreased by 2.0% WoW to $3,483/tonne. Indian HRC: Indian HRC prices remained flat WoW at Rs 58,200/tonne, as buyers continued with need-based purchases and avoided inventory build-up amid weak market sentiment, driven by...

Rs 38,800/tonne, as buying interest remained subdued amid weak demand in finished steel segment. HRC-Patra Spread: Primary HRC-Patra spread decreased by Rs100 WoW to Rs 14,700/tonne, trading at 62% premium over ~3-year historical average spread of Rs 9,099/tonne. Chinese HRC: Chinese HRC prices remained flat WoW at Rs 49,239/tonne, as the domestic market remained under pressure from...

Coking Coal: Coking coal prices increased by 5.7% WoW to $185/tonne, driven by supply concerns as several mines across China were suspended for safety inspections following the fatal mine explosion in Shanxi's Qinyuan County. The shutdowns are expected to tighten domestic coal...

Indian HRC: Indian HRC prices increased by 1.6% WoW to Rs 58,700/tonne, as steelmakers announced price hikes for May deliveries. The price hike was driven by expectations of dip in production as some steel mills will go for scheduled maintenance shutdown. Billet-Ex-Raipur: Billet prices decreased by 3.7% WoW to...

Indian HRC: Indian HRC prices decreased by 1.0% WoW to Rs 57,800/tonne, amid soft market demand due to geopolitical conflict, elections in key consuming states coupled with labour shortage causing...

Rs 59,100/tonne, as key raw material prices have corrected on war cooldown, while trade activity slowed amid moderate demand across regions, as buyers stuck to need-based purchasing only. Billet-Ex-Raipur: Billet prices decreased by 2.3% WoW to Rs 41,950/tonne, amid weakness in finished steel demand resulting in...

Aluminium: Aluminium prices increased by 2.1% WoW to $3,619/tonne, driven by optimism over extension and eventually opening of the Strait of Hormuz. Supply side concerns also remain, as Emirates Global...

Zinc: Zinc prices decreased by 6.5% WoW to $3,042/tonne. Indian HRC: Indian HRC prices increased by 0.9% WoW to Rs 56,800/tonne, as steelmakers announced price hikes amid constrained fuel and gas availability, further supported by geopolitical...

Indian HRC: Indian HRC prices increased by 2.4% WoW to Rs 56,300/tonne, as steel mills announce price hikes amid rising energy and freight costs due to the Iran - Israel war. Material availability...

Indian HRC: Indian HRC prices increased by 0.6% WoW to Rs 54,000/tonne, hitting a fresh 52-week-high. However, some slowdown in trading activity was reported ahead of festive season. Billet-Ex-Raipur: Billet prices decreased by 2.3% WoW to...

Indian HRC: Indian HRC prices increased by 0.7% WoW to Rs 53,900/tonne, making a new 52-week-high post 2-3 price hikes taken by steel mills in the month of January, driven by steady state demand...

Chinese HRC: Chinese HRC prices decreased by 0.6% WoW to Rs 43,146/tonne, amid seasonal slowdown in HRC demand. Weak demand and export consumption remains intact. CISA reported a 0.8%...

Indian HRC: Indian HRC prices increased by 2.4% WoW to Rs 52,000/tonne, driven by seasonal push and improved inventory drawdown, however the exports remain muted. Billet-Ex-Raipur: Billet prices increased by 4.5% WoW to Rs 41,500/tonne, as manufacturers quoted higher prices despite limited market activity in semi-finished steel segment. Chinese HRC: Chinese HRC prices increased by 1.7% WoW to Rs 42,887/tonne, aided by supportive monetary policies and targeted...

Aluminium: Aluminium prices increased by 3.0% WoW to $2,991/tonne, driven by supply tightness as China continues to enforce the 45mnT cap on alumina smelting capacity. Improved regional demand led Chinese...

Indian HRC: Indian HRC prices increased by 0.7% WoW to Rs 46,000/tonne, as majority of mills increased their HRC prices for December. Exports remain subdued as European quotas hit limit and Middle-Eastern demand remained muted. Billet-Ex-Raipur: Billet prices decreased by 2.4% WoW to...